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http://cunningrealist.blogspot.com/ - AN OASIS IN A WORLD OF HACKS, HUSTLERS, AND HIRED SPIN
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cunningrealist.blogspot.com - 2 days ago
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cunningrealist.blogspot.com —
The Senate Banking Committee has scheduled Ben Bernanke's
reconfirmation hearing for Thursday, December 3. It's incredible that...
we're reconfirming someone who should be on any list of the top ten people most responsible for the credit bubble and ...
(more)
Rewarding Failure
Comments
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Politics on HuffingtonPost.com
found this 2 days agofound this
During the Bush years, I often wondered if there were any misgivings within the evangelical Right about supporting an administration that openly promoted an almost demonic obsession with the material world (Bush: "Go shopping"). Religious issues aren't exactly my bag, but this clears some things up.
Other
Let the Geithner resignation watch begin. Against the backdrop of rising unemployment, populist rage against Wall Street, and a boss's approval rating that's starting to set off alarms, these continuing revelations make his position untenable. As for Bernanke, his upcoming reconfirmation hearing ...
White House
Timothy Geithner
Washington, D.C
As the financial crisis fades and yet another Fed-induced bubble inflates, we're starting to see some of the enduring social effects of the past year. One of these is what I call "the heist meme." This is the belief -- correct, in my view -- that the various bailouts of the financial sector ...
White House
As conspiracy theory and paranoia become an integral part of an entire political party's ideology -- from Glenn Beck, to the Birthers, to anti-healthcare reform protesters screaming about Dachau -- it's worth remembering how anything that could possibly be depicted as conspiracism was treated ...
Other
Glenn Beck
We'll find out if the allegations are true, but for now I think the main value of this story is seeing 1) how easily "it" happens here, and how unsurprising it is when it does, and 2) the perfunctory and pro forma expressions of disapproval (has the term "regrettable excess" been used yet?) from ...
Other
Bernanke on the unemployment rate earlier this year:Currently, we don’t think it will get to 10 percent. Our current number is somewhere in the 9s.Last week it came in over 10%, a new multi-decade high, with most credible observers saying it will head at least a bit higher before topping out. ...
Other
Outside of financial reform and monetary policy, I haven't followed anything that Alan Grayson has been working on. But on those issues I've been extremely impressed. This is someone who's taking positions and asking questions long understood to be taboo, at least if one wanted to avoid getting ...
Other
Washington, D.C
I keep remembering that line from Midnight Express as the inmates walk the wheel: "The bad machine doesn't know that he's a bad machine."
Other
The silent sentinel continues to watch and act accordingly. Longtime readers know I've been on this from around $400. Based on email I get every so often, some savvy readers have been protecting themselves. Next: the protection window should start to close. Probably a bit at first and in ...
Other
Anyone surprised? More on the bad guy here. If you doubt that this issue has grassroots traction, check out this post on what's mainly a socially oriented website.
Other
Bloomberg's Richard Vines:Bankers Start Feasting Again at London Eateries, Chefs Say I spoke to almost 30 of the U.K. capital’s leading restaurateurs last week. Here’s what they say. ...Marcus Wareing (Marcus Wareing): “How’s business? You’re joking aren’t you? It’s mad. I’ve had a fabulous ...
Other
Recession
Something Bob Herbert wrote a couple of weeks ago has stayed with me:Meanwhile, Wall Street is living it up. I’m amazed at how passive the population has remained in the face of this sustained outrage.During the last administration we saw how malevolence feeds off crises, either real or ...
